Recruiting, Retention, and Release: How Spentra Covers You from Beginning to End with Early Direct Deposit and More

Posted - October 31, 2023

In the modern workforce, the lifecycle of an employee is a journey that extends far beyond a paycheck. From recruitment to release, employees are looking for more than just competitive salaries—they're seeking immediate financial security, long-term benefits, and a sense of financial wellness. Spentra is here to help employers provide these benefits throughout each phase of the employee lifecycle with its comprehensive suite of products, including the Spentra Payroll Card with a potential 2-day "early" direct deposit, Money Earned® for earned wage access, and InstaPay for immediate final pay solutions.

Recruiting: Make a Strong First Impression

First impressions matter a lot, especially when it comes to recruiting top talent for your organization. Providing immediate, tangible benefits can set you apart from the competition:

  • Spentra Payroll Card & 2-Day Early Direct Deposit: Offering potential employees the Spentra Payroll Card with a 2-day "early" direct deposit feature is a powerful way to attract new hires. Not only can they receive their first paycheck immediately, but the early direct deposit feature ensures quicker access to their hard-earned money, giving them a financial advantage right from the start.

Retention: Contribute to Employee Financial Wellness

A paycheck is a start, but to retain top talent, you'll need to offer more. Spentra provides added financial benefits that contribute to long-term employee satisfaction and financial wellness:

  • Money Earned®: Money Earned® allows employees to access their earned but unpaid wages whenever they need them. This level of financial flexibility is an invaluable resource during emergencies, and it significantly contributes to overall financial well-being.

Release: Ending Employment on a Positive Note

Whether it's downsizing, performance issues, or an employee's decision to move on, making the parting process as smooth as possible is critical for both parties:

  • InstaPay: With InstaPay, employees can receive their final pay immediately upon termination, eliminating the anxious waiting period. This not only reduces stress but also leaves a positive final impression of your organization, even during layoffs or terminations.

Why Spentra?

Spentra's comprehensive product suite touches on the crucial aspects of an employee's lifecycle, providing:

  • Immediate Pay Access with Early Direct Deposit: Spentra Payroll Card
  • Financial Wellness: Money Earned®
  • Smooth Transitions: InstaPay

From small startups to large corporations, Spentra offers tailored, secure, and efficient financial solutions that can meet the specific needs of any organization.

Elevate your HR game by contributing to a financially healthy workplace. To find out how Spentra can enhance your employee benefits package, contact us today at [email protected] or visit our website at

Disclaimer: Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.